Modern Dairies Reports Strong Financial Performance in Q1 FY25 Despite 'Sell' Call
Modern Dairies, a microcap company in the FMCG industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
Despite this, Modern Dairies has shown a positive financial performance in the quarter, with a score of 11 compared to 26 in the previous 3 months. This indicates a significant improvement in the company’s financials.
One of the key highlights of the financial results is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 119.78% year on year. This is a very positive trend for the company and shows its strong financial performance.
Additionally, the company’s Net Sales for the nine-month period have also shown a growth of 37.17% year on year. This indicates a positive trend in the company’s sales in the near term.
Overall, Modern Dairies has shown a strong financial performance in the quarter ending June 2024, with significant growth in both PAT and Net Sales. This is a positive sign for the company and its investors. However, it is important to note that MarketsMOJO has given a ‘Sell’ call for the company’s stock, which should be taken into consideration by potential investors.
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